Question
QS 9-10 Calculating depreciation- partial periods L02, 3 Equipment with an estimated life of 10 years and no expected residual value was purchased on account
QS 9-10 Calculating depreciation- partial periods L02, 3 Equipment with an estimated life of 10 years and no expected residual value was purchased on account for $60,000 on March 6, 2020. Assuming a year-end of December 31, calculate depreciation for 2020 and 2021 using the straight-line method: a. To the nearest whole month b. Using the half-year convention QS 9-11 Double-declining-balance- partial periods L02, 3 Refer to the information in QS 9-10. Assume the equipment is depreciated using the double-declining-balance method. Calculate depreciation for 2020 and 2021: a. To the nearest whole month b. Using the half-year convention
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